The ongoing war with Iran is reportedly causing significant damage to Iraq's crude oil output and straining the country's state finances.
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Updated oct 7
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What happened
The ongoing war with Iran is reportedly causing significant damage to Iraq's crude oil output and straining the country's state finances.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Iraq's Council of Ministers approved currency devaluation following a cash crunch triggered by the Iran-Israel war.Sub-event
Iran war is impacting Iraq's oil production and state finances.1 source
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The entities involved
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Iraq
sovereign state in Western Asia
Related events
- Renewed Iran war risks undoing progress as the Iran conflict impacts oil prices and markets, alongside Trump's support for the Iraqi PM.
- US sanctions complicate financial transfers to Iran.
- Conflict in the Middle East links money and war in the region.
- War fighting in Iraq and the Middle East is causing massive losses in crucial oil exports, reporting a $60 billion revenue loss.
- Iran-backed militias are operating in Iraq, where they are involved in smuggling US currency and the US is managing funding transfers to the country.